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To buy, or not to Buy...

Entil'ZhaEntil'Zha I see famous people
So, Houses, ugh, expensive, we're trying to buy one. Property values here are INSANE (median house cost = $281,000, median yearly income in the area, $41,000)

But we found a place, a "Fixxer Upper" my concern is that its listed for $20,000 below its assessed value. so i know there is something major wrong with it, but its one of the few things in our price range in the area.

Our credit isn't great, but the Mortgage lady actually told us we could have been approved the other day, but until we get a few innacuracies off our credit report the rate would be quite high,.

So inow i've been slogging through our credit report, trying to fix the things that need fixing.

But ugh, it's a lot of money,

and it needs work, Ugh Ugh Ugh... but i dont want to rent any more, UGH>

Comments

  • Lord RefaLord Refa Creepy, but in a good way
    I live in a cave.

    It's nice.
  • Entil'ZhaEntil'Zha I see famous people
    do you have Bats? i like bats.
  • Lord RefaLord Refa Creepy, but in a good way
    Just a girl.

    Bat-Girl.

    *badabing badabong*
  • Lord RefaLord Refa Creepy, but in a good way
    I chained her on the wall.
  • Entil'ZhaEntil'Zha I see famous people
    does she wear Vinyl?
  • Lord RefaLord Refa Creepy, but in a good way
    Spandex.. and often nothing.

    I shave.
  • Entil'ZhaEntil'Zha I see famous people
    This is the kind of conversation that can only end in a gunshot.
  • C_MonC_Mon A Genuine Sucker
    OMG
  • Lord RefaLord Refa Creepy, but in a good way
    *cocks a gun*
  • ShadowDancerShadowDancer When I say, "Why aye, gadgie," in my heart I say, "Och aye, laddie." London, UK
    Ah I see the new Firstone.com TopicDeRailer V20584465656.01b is living up to its name then :D
  • DaxDax Redshirt
    heh, I was cleaning out my room today and I found some pics of me dressed up like catwoman for one Halloween.. does that count?
  • Lord RefaLord Refa Creepy, but in a good way
    Umm...

    Can I see them?

    Out of professional curiosity I mean..

    Nothing dirty or anything about my thoughts. All pure and simple..

    Really.. Honestly!

    I once dressed up as Catwoman for a party too.
  • Lord RefaLord Refa Creepy, but in a good way
    And back to the topic for a second:

    Entil'Zha, are you good with your hands? If then, check as much as you can about that house. If it seems you can fix it by yourself, then go for it dude.. But if it looks like you'll need an army of "experts" to fix it, then flee like the fiery host of Hoggoth was behind thee!

    Personally.. I dont mind just renting an apartment. Or a room.

    Ofcourse, I am a simple minded person that lives in equal harmony of mind and body, I am happy with just a sauna.
  • DaxDax Redshirt
    heh, I'll scan them in eventually.. pure and simple my ass though :P

    the least you could do is be honest with me about it, I'm a big girl, I can take it.
  • Lord RefaLord Refa Creepy, but in a good way
    Check this out:

    [url]http://blog.myspace.com/index.cfm?fuseaction=blog.view&friendID=144203907&blogID=256264476&Mytoken=E98424D0-6B4E-4213-B30A3A560E1C632062944212[/url]

    And you'll see a side of me that might surprise even you.
  • Lord RefaLord Refa Creepy, but in a good way
    No, really.. I have a girlfriend.. She visited me in Finland and will be there to christen my apartment in Scotland..

    I am just a big fan of Catwoman and want to see every interpretion (that's not the correct word but you get the idea, if that is not the correct word) of the character.

    p.s Is interpretion a word? I am trying to mean the word for every style/vision of the character. That just popped in my head. Gods know I dont know all the words I use when I talk, but it seems to work out allright.

    p.p.s and I just like pictures of hot girls in spandex, leather or other..

    p.p.p.s Why do I use these when writing to a forum instead of just incorporating the text into the message body itself?
  • DaxDax Redshirt
    intrepretation, yeah hahaha nice.
  • BigglesBiggles <font color=#AAFFAA>The Man Without a Face</font>
    I think "variation" is probably also a suitable word.
  • Entil'ZhaEntil'Zha I see famous people
    Yes, i am good with my hands, so we can do most of the work ourselves, i'ts just a huge chunk of change. but we shall see what happens when i get the credit fixed,

    And dax, Scan them, motives, not pure at all, i just want to see you in Vinyl, :)

    and Refa, having a girlfriend has nothing to do with it, I'm married, and Dax is still hot. lol
  • ShadowDancerShadowDancer When I say, "Why aye, gadgie," in my heart I say, "Och aye, laddie." London, UK
    Seconded! ^^

    :D
  • DaxDax Redshirt
    *blushes* thanks guys, Tuesday when I get back to work for sure.
  • PSI-KILLERPSI-KILLER Needs help
    I would say definitly go for it Entiliza. The market here in the northeast is becoming a buyers market. From the stuff I am hearing the bottom will happen sometime in 2008. Lenders and realitors were in collusion and the market is showing the signs from all that over valued greed. I might suggest looking at different angles to get into ownership. Maybe a 2 or 3 family house. It may not be your dream home but you have to start somewhere. This past October me and my wife bought a 8 family building in upstate NY. The main reason was the same as you stated. For us we coudn't afford a million doller home on Long Island so we bought this 3 story brick building which is 2 hours away and keeps us very busy(the previous owners did not do allot of upkeep, just collect rent and when someone complained and not pay they evict). I still rent an apartment in Queens and work at my full time job on Long Island but if I loose my job I can always move into one of the units up there so me and my wife won't be homeless. I would suggest though never get more then a 3 familty. I have not had much free time at all, vacations are a memory now. If I take a day off now it is to meet code inspectors for rental certificates and having them telling me what I must do or I must go to City Hall to start an eviction and tell the judge my side of the story. It becomes more then an investment it becomes and adventure!!
  • E'Z thats about what we payed for our two bedroom condo in south CA. it is now worth $420K. Renting is giving away $ with nothing to show for it.
  • ShadowDancerShadowDancer When I say, "Why aye, gadgie," in my heart I say, "Och aye, laddie." London, UK
    There is of course also the satisfaction of doing the place up as you want it with your own two hands to consider. I'd say that as long as there is nothing majorly wrong then it's worth the risk
  • Entil'ZhaEntil'Zha I see famous people
    Thats the thing, i WANT to build myself from scratch, but land itself is insanely crazy, so with this place, as long as its structureally sound, we can do a lot with it.

    most "cheap" houses here are in the 200-250 range, so to find this one for $174,900, even if it needs work.. but its been on the market for like 4 years, so i wonder whats wrong with it,.
  • PSI-KILLERPSI-KILLER Needs help
    Before closing you would get an inspector hired by you to go around looking at the entire structure and land. They have to be licensed by the state and will give you all the info to make an informed descion. This is before the bank even sends the apprasier or surveyor. It might be it was on the market for 4 years because it was too high a price and they are finally comming down in price. For leans and stuff your title insurance will take of it. The price for your own personal inspection will be worth it because they can see problems that the seller won't bring up.
  • Entil'ZhaEntil'Zha I see famous people
    The price has been coming down, it started at $250,000 and is now down to $174,900, in this town thats unheard of what with the need for employee housing.

    I have a friend who's a contractor who we're hoping to get over to take alook at it this week then we'll know if it's something that we should procede with.

    Although if it does need major work, i can use that as a bargaining chip on the price, if i could get it down to between $125,000 and $150,000 i'd be much happier.
  • Entil'ZhaEntil'Zha I see famous people
    Oh and Dax, you know, you should still donate to my webpage.. :)
  • DaxDax Redshirt
    oh yeah.. I had forgotten about that... IM me with the details ;)
  • Entil'ZhaEntil'Zha I see famous people
    details im'd...
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